Sonic Automotive Inc. is lowering its earnings forecast for the year, citing lower-than-expected car sales in the second quarter.
The Charlotte-based automotive retailer expects its full-year net income from continuing operations to range between $1.65 and $1.85 per diluted share, down from previous estimates of $2.35 to $2.50 per diluted share.
“The economic environment — notably high […]

Upcoming cars in the Indian market
Here are details on some of the new cars which are soon going to be available on sale in the Indian market.
Tata is clearly aiming to launch the Nano model in the festival season around October.
Audi is all set to launch their new A4 model.
Porsche would be bringing their new […]

The 2008 Caterham Superlight R500 from the British sport scar manufacturer takes the minimalist light weight Seven philosophy to a new level with more power and sharper handling. The R500 Weighs 506kg and produces 263bhp with a heaving 177 lb per ft of torque transmitted to the rear wheels. The Series 3 chassis flagship model […]

Since 1986 Hamann has developed and manufactured products for the individualization of BMW automobiles. The first tuning level increases the standard figures of the V8 (309 kw/420 hp) by 15 kw/20 hp and delivers an additional 25 Nm on the crank shaft. The V/max limitation is annulled and the top speed increases to 300 km/h. […]

The 5 door hatchback modified car, 2008 ABT R32 is already designed as a very capable super sports car. Those people who are in the look out for a very competent and fast compact car are the ones who buy this gem of a car. A racing car in golf‘s clothing the ABT R32 is […]

Aptera Motors, a small US based company has produced a three-wheel, two-passenger prototype hybrid vehicle called Aptera. It’s not the first hybrid car but this one is able to travel 230 miles on a gallon of fuel. That is about 200 more miles per gallon than what was suggested for automakers by 2020 in an […]

You have to be very careful when it comes to luxury car leasing and financing in Asia. It is normal for people to only look to save money, and in terms of owning a new car, one of the most frequently asked questions is whether or not one should buy a new […]

The population of Americans avoiding SUV and truck purchases is increasing almost as fast as the price of a gallon of gasoline.
The annual sales rate for vehicles sold in the United States fell to 14.4 million units, marking the lowest amount for the industry in a decade.
Over the last 10 years, the industry has averaged […]

India’s largest car maker, Maruti Suzuki Ltd. has raised the prices once again. The price of the newly launched Dzire has been increased by a whopping 18,000 Rs. The Swift has seen a revision of prices as well with the Petrol Variant costing  9000 Rs more and the Diesel variant with the 1.3 JTD going […]

Indian carmaker Tata chose a site in Singur, India for the plant that would make the Nano, the world’s cheapest car. Not long afterward, eleven petitions were filed in the Calcutta High Court stating that the purchase of the land for the factory violated the Land Acquisition Act of 1894. It was alleged that the […]